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1: Bank charge, not a night mare now! Banks are following the rules! The term bank charge which is also inaccurately known as unfair charges covers all charges made by banks to their customers. The term often relates to the bank charges in respect of personal current accounts. In the UK, this was not common practice until the 1990s when banks began to introduce this type of charge as a means of product differentiation often offering additional services bundled with the bank account itself.